BBB Foods Inc. (NYSE:TBBB) Given Average Rating of "Hold" by Analysts

Key Points

• BBB Foods Inc. (NYSE:TBBB) has been given an average analyst rating of "Hold", with five analysts recommending a hold and two suggesting a buy.
• The company's 12-month price target from analysts is approximately $33.17, reflecting recent upgrades and downgrades from various brokerages.
• BBB Foods reported a Q1 EPS loss of $0.04, missing estimates, but achieved revenues slightly above expectations at $838.41 million.

BBB Foods Inc. (NYSE:TBBB - Get Free Report) has been given a consensus rating of "Hold" by the seven brokerages that are presently covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $33.1667.

A number of brokerages have commented on TBBB. Wall Street Zen cut shares of BBB Foods from a "hold" rating to a "sell" rating in a research report on Saturday, August 2nd. The Goldman Sachs Group raised BBB Foods to a "hold" rating in a report on Wednesday, July 9th. UBS Group upped their price objective on BBB Foods from $32.00 to $33.00 and gave the company a "neutral" rating in a research report on Wednesday, June 4th. Finally, Itau BBA Securities raised BBB Foods from a "market perform" rating to an "outperform" rating and set a $36.00 price objective on the stock in a research report on Monday, April 21st.

Institutional Trading of BBB Foods

A number of hedge funds and other institutional investors have recently modified their holdings of TBBB. Banque Transatlantique SA bought a new position in shares of BBB Foods in the first quarter valued at $25,000. FNY Investment Advisers LLC purchased a new position in shares of BBB Foods during the 1st quarter valued at $37,000. AdvisorNet Financial Inc bought a new stake in BBB Foods in the second quarter worth $37,000. Caitong International Asset Management Co. Ltd boosted its holdings in BBB Foods by 124.6% in the first quarter. Caitong International Asset Management Co. Ltd now owns 2,140 shares of the company's stock worth $57,000 after purchasing an additional 1,187 shares in the last quarter. Finally, Elevation Point Wealth Partners LLC bought a new stake in BBB Foods in the second quarter worth $72,000. 8.42% of the stock is owned by hedge funds and other institutional investors.

BBB Foods Price Performance

BBB Foods stock traded down $0.22 during midday trading on Friday, reaching $26.38. The company's stock had a trading volume of 173,508 shares, compared to its average volume of 785,244. The stock has a market cap of $3.01 billion, a PE ratio of -329.00 and a beta of -0.02. The company has a current ratio of 0.69, a quick ratio of 0.49 and a debt-to-equity ratio of 2.08. The business has a 50-day moving average price of $26.24 and a 200-day moving average price of $27.29. BBB Foods has a 52 week low of $23.00 and a 52 week high of $35.22.

BBB Foods (NYSE:TBBB - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.09). BBB Foods had a negative net margin of 0.19% and a negative return on equity of 3.07%. The business had revenue of $1 billion during the quarter, compared to analyst estimates of $17.98 billion. On average, sell-side analysts predict that BBB Foods will post 0.15 EPS for the current year.

About BBB Foods

BBB Foods Inc, through its subsidiaries, operates a chain of grocery retail stores in Mexico. It offers household cleaning, personal hyenine, cosmetics and beauty, pharmacy, and general merchandise products, as well as jellies and desserts, foods and drinks, pet supplies, coffee, tea, chocolates, breads, dry and frozen foods, snacks and sweets, and toilet papers and napkins.